Jagged Peak Energy Inc (JAG) Given Consensus Recommendation of “Hold” by Brokerages

Jagged Peak Energy Inc (NYSE:JAG) has been assigned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.50.

Several equities analysts recently weighed in on JAG shares. Cowen reaffirmed a “hold” rating and set a $13.00 target price on shares of Jagged Peak Energy in a research note on Wednesday, February 20th. Stifel Nicolaus set a $15.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Friday, May 10th. SunTrust Banks started coverage on shares of Jagged Peak Energy in a research note on Tuesday, April 2nd. They set a “buy” rating and a $15.00 target price for the company. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, TheStreet cut shares of Jagged Peak Energy from a “c-” rating to a “d+” rating in a research note on Friday, March 8th.

In other news, insider Shonn D. Stahlecker sold 2,661 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total value of $28,792.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shonn D. Stahlecker sold 8,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $10.02, for a total transaction of $80,160.00. Following the completion of the sale, the insider now owns 492,120 shares of the company’s stock, valued at approximately $4,931,042.40. The disclosure for this sale can be found here. Insiders have sold a total of 64,784 shares of company stock valued at $686,760 in the last quarter. 0.98% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of Jagged Peak Energy by 7.9% in the 4th quarter. Legal & General Group Plc now owns 23,353 shares of the mining company’s stock valued at $213,000 after purchasing an additional 1,716 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Jagged Peak Energy by 7.8% in the 4th quarter. Squarepoint Ops LLC now owns 26,080 shares of the mining company’s stock valued at $238,000 after purchasing an additional 1,880 shares in the last quarter. Swiss National Bank raised its holdings in shares of Jagged Peak Energy by 3.1% in the 1st quarter. Swiss National Bank now owns 97,100 shares of the mining company’s stock valued at $1,017,000 after purchasing an additional 2,900 shares in the last quarter. Nikko Asset Management Americas Inc. raised its holdings in shares of Jagged Peak Energy by 1.4% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 352,846 shares of the mining company’s stock valued at $3,218,000 after purchasing an additional 4,933 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Jagged Peak Energy by 145.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 8,347 shares of the mining company’s stock valued at $73,000 after purchasing an additional 4,947 shares in the last quarter. Institutional investors and hedge funds own 29.94% of the company’s stock.

JAG traded down $0.22 during trading on Friday, hitting $10.44. 917,000 shares of the company traded hands, compared to its average volume of 1,234,763. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.56 and a beta of 0.89. Jagged Peak Energy has a 1 year low of $8.47 and a 1 year high of $14.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 0.37.

Jagged Peak Energy (NYSE:JAG) last posted its earnings results on Thursday, May 9th. The mining company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The company had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $135.07 million. Jagged Peak Energy had a net margin of 18.89% and a return on equity of 15.42%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. On average, equities research analysts forecast that Jagged Peak Energy will post 0.63 earnings per share for the current year.

Jagged Peak Energy Company Profile

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2018, it held an 87% average working interest in approximately 79,500 net acres with an estimated net proved reserves of 118,890 thousand barrel of oil equivalent, as well as owned a 89% average working interest in 143 net productive wells.

Further Reading: Diluted Earnings Per Share

Analyst Recommendations for Jagged Peak Energy (NYSE:JAG)

Receive News & Ratings for Jagged Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.